UK Regulator Says 87% of Crypto Registration Applications Failed to Meet Standards for Approval

The UK's Financial Conduct Authority (FCA) has approved just four out of 35 applications for cryptocurrency operations in the year ending March 31, highlighting the regulatory scrutiny faced by the crypto industry. This limited approval rate underscores the challenges for businesses seeking to operate in a tightly regulated environment. For more insights into the implications of this development, explore the landscape of crypto regulation in the UK. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk